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Surgent's Reviewing Audit Workpapers

 Currently available
 
2.0
26 / S-60027
Registration is Open
Member Price
$89.00 Regular Registration
Your Price
$93.00 Regular Registration
Designed For:

Auditors responsible for reviewing workpapers for audit quality at the in charge or newer manager level.

Prerequisite:

Experience on basic audit engagements

Audit documentation provides the principal support for the independent auditor's report. Therefore, it is important that workpapers meet professional standards. Anything less could result in peer or regulatory review deficiencies at as a worse case, lawsuits when fraud occurs at a company. The auditor is not responsible for identifying fraud. But the auditor is responsible for planning and performing the audit to obtain reasonable assurance that the financial statements are free from material misstatement due to fraud or error. Effective workpaper reviewer is an important part of meeting professional standards at the engagement level as well as the overall firm level. In addition, the workpaper review process should be used as a tool for professional development and promoting efficient audits. This module will provide the tips and tools for satisfying these important workpaper reviewer responsibilities for auditors at the in charge or newer manager levels. (Please Note: This module is part of Surgent's Audit Skills Training: Level 3.)

Delivery Method: On-Demand Webcast
CPE Credit: Auditing
Program Level: Intermediate

This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.

Objectives

  • Discuss the importance documentation and how it fits in the overall audit quality process
  • Discuss tips for an efficient workpaper review process that complies with professional standards
  • Explain the roles that the various levels in the firm play in workpaper review
  • Describe how the workpapers should be complete, accurate, and able to stand on their own.
  • Describe areas for the reviewer to focus on in risk assessment, internal control, substantive testing, concluding, and reporting

Advanced Preparation

None

Vendor

The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.